Dividend Reinvestment Plans (DRIPS) can be found in ________
A) brokerage-run programs
B) transfer-agent-run programs
C) company-run programs
D) All of the above
Answer: D
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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000 . They agree to salaries of $12,000 and $18,000 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will Singer's share of the income (loss) be if the net loss for the year is $10,000?
a. $(12,600) b. $(14,000) c. $(6,000) d. $(10,000)
Which statement is true about a company's choice of capitalization policy?
a. All assets with a useful life of more than one year must be capitalized. b. The company's policy must meet the minimum capitalization amounts established by GAAP. c. The company's policy is determined relative to materiality and the cost of maintaining asset records. d. The company may elect to capitalize operating expenses which exceed the minimum threshold for asset capitalization.
Due process refers to the system of rules and regulations designed to assure justice in the American legal system
a. True b. False
Which of the following is an illegal interview question and should be avoided in the selection process?
a. Tell me about yourself. b. What are your strengths and weaknesses? c. Do you have dependable day care? d. Why should we hire you? e. Tell me about the last time that you had to discipline an employee.